KirkBarton

KirkBarton

Current trend The European currency shows ambiguous trading dynamics against the US dollar during the Asian session, consolidating near 1.1300 after a moderate decline the day before. The pressure on the single currency yesterday was exerted by not the strongest macroeconomic statistics from Germany, as well as further strengthening of the American currency,...

KirkBarton

Current trend Today, during the Asian session, gold prices grow moderately, developing the correctional impulse formed yesterday, and test the level of 1790.00 for a breakout, waiting for new drivers to appear. More active positive dynamics are hindered by an increase in optimism in the market since the new strain of coronavirus will not be a significant...

KirkBarton

Current trend This week, Brent Crude Oil quotes are growing, recovering from a serious decline last week. Several positive factors provide support to prices. First of all, concerns about the spread of the Omicron coronavirus strain have eased significantly. It was assumed that the increase in the incidence of the new virus would lead to the introduction of...

KirkBarton

Current trend Over the weekend, the ETH/USD pair corrected sharply downward in line with the general market trend. The price dropped below 3500.00 but then began an active recovery of positions. The positive dynamics are facilitated by the launch by the Chicago Mercantile Exchange (CME) of trading in micro-futures based on ETH, in which each contract makes up a...

KirkBarton

Current trend Last week, the BTC/USD pair corrected downward. On Friday, the price reached its monthly low, dropping below 53500.00, where it remained over the weekend. The pressure on the “digital gold” came from the news of discovering a new Omicron strain of coronavirus. Due to its large number of mutations, it can be extremely infectious and resistant to...

KirkBarton

Current trend This week, the EUR/USD pair is correcting downwards and is currently trading at the level of 1.1230. The euro is under pressure from a new wave of coronavirus, which forces the authorities to impose new serious quarantine restrictions. The Austrian government has announced a complete internal isolation; similar measures are also being discussed in...

KirkBarton

Current trend The EUR/USD pair corrects, trading around the level of 1.1244. The European currency received some support after the data on business activity in the EU was released. French Manufacturing PMI for November reached 54.6 points instead of 53.6 for October. A similar indicator in Germany was 57.6 points, which corresponds to 57.8 points a month...

KirkBarton

Current trend Gold is strengthening amid rising inflation in the US and is trading around 1855.00 with potential for further gains towards 1908.00. Following consumer inflation in the USA, prices for exports and imports of goods are also rising. According to data released yesterday, the Export Price Index showed an increase of 1.5% in October, which is higher...

KirkBarton

Current trend Brent crude oil prices are correcting downward, trading around 80.90, amid continued increases in oil production and rising US inventories. The International Energy Agency (IEA) published its report on the energy market yesterday. The updated forecast for oil production in 2021 amounted to +480K barrels instead of the expected increase of 390K...

KirkBarton

Current trend Due to another rise in the US dollar rate, the GBP/USD pair declines, trading around the level of 1.3420. The British pound is at extremely low levels against other world currencies amid ambiguous macroeconomic statistics. The overall unemployment rate for September fell to 4.3% from 4.5% a month earlier, and the economy received 247K jobs, which...

KirkBarton

Current trend The price of WTI Crude Oil shows a slight decline during the Asian session and develops a corrective impulse that was formed in the middle of the week and allowed the instrument to fall below the psychological mark of 80 dollars per barrel. The pressure on the position of "black gold" is exerted by the growth of the American currency amid the...

KirkBarton

Current trend The price of WTI Crude Oil is increasing and is currently located at 82.92. The quotes are trading in an uptrend amid a decrease in fuel reserves in US warehouses by —2.485 million barrels against an increase of 3.594 million a week earlier. Additional support to the price is provided by the strong position of OPEC+ regarding the preservation of...

KirkBarton

Current trend The EUR/USD pair corrects, trading around the level of 1.1555. The European currency received little support after publishing several statistical indicators from the Center for European Economic Research ZEW. Thus, the index of economic sentiment in Germany for November rose to 31.7 points from 22.3 points a month earlier, remaining too low...

KirkBarton

Current trend The British pound shows ambiguous trading dynamics against the US dollar during the morning session and is consolidating around 1.3550. Prior to that, the currency of the United Kingdom renewed local maximums since November 4; however, the "bulls" failed to fix at new levels and after that corrective sentiments began to be clearly noticeable....

KirkBarton

Current trend EUR shows ambiguous dynamics of trading against USD during today's Asian session, consolidating near the level of 1.1560. Investors expect the emergence of new drivers of the movement, playing back the macroeconomic statistics published on Friday from the eurozone and the United States. The volume of retail sales in the eurozone in September showed...

KirkBarton

Current trend Quotes of XAU/USD continue to move in a lateral channel, being a little below 1800.0. Since mid-summer, gold has been a stable asset with much lower volatility than oil and the USD Index, making it attractive to large institutional investors. The results of the US Fed meeting, which will begin tonight, may have a serious impact on the metal quotes....

KirkBarton

Current trend Taking advantage of the temporary weakness in the US dollar, the EUR/USD pair corrects within a sideways trend, trading around 1.1605. There are few factors for the continuation of positive dynamics, as the macroeconomic indicators of the leading EU economies continue to deteriorate: the volume of retail sales in Germany in September fell by 2.5%...

KirkBarton

Current trend EUR is showing ambiguous dynamics against USD during today's Asian session, consolidating near the local highs of September 29, which were renewed against the background of strong growth in the instrument yesterday. Notable support for EUR/USD was provided by not the most confident macroeconomic publications from the USA. Annual data on the dynamics...